FOLZ THEO W 4
4 · M & F WORLDWIDE CORP · Filed May 23, 2011
Insider Transaction Report
Form 4
FOLZ THEO W
Director
Transactions
- Award
Stock Units
2011-05-19+2,259→ 10,256 total→ Common Stock (2,259 underlying)
Footnotes (4)
- [F1]These stock units were issued because of the reporting person's participation in the issuer's Amended and Restated Outside Directors Deferred Compensation Plan (the "Plan"), under which director fees otherwise payable in cash may be paid in the form of stock units. This Form 4 is being filed in respect of a May 19, 2011 grant to the reporting person under the Plan of 2,259 stock units. As of May 19, 2011, the reporting person has been granted a total of 10,256 stock units under the Plan.
- [F2]Each stock unit is the economic equivalent of one share of the issuer's common stock.
- [F3]The stock units will be paid in the form of either cash or shares of the issuer's common stock after the termination of the reporting person's tenure as a director.
- [F4]The stock units were granted based on the closing market price of the common stock of the issuer on May 19, 2011 of $22.13, in respect of $50,000 of deferred compensation.